Friday, August 9, 2013

A small privacy breach involving just 32 customers resulted in a fine of £75,000 ($115,938 USD) for a British bank. That comes to over £2,300 ($3,600 USD) per customer affected.

The Information Commissioner's Office (ICO), which issued the fine, described the breach of privacy as "unforgivable" and "mistakes of this kind compromised sensitive data at a time when identity fraud is on the rise."